The harsh sanctions imposed on Russia by the West over the conflict in Ukraine have so far been unable to deliver the desired result, The Economist magazine has acknowledged, adding that the strategy has “flaws.” “Worryingly, so far the sanctions war is not going as well as expected,” the British …
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The supply of Russian oil to the European Union rose by 14% between January and April, from 750,000 to 857,000 barrels per day, The Economist reported on Wednesday, citing data by Argus Media. This comes as Brussels has been calling to completely stop energy imports from the country. According to the …
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The combination of a strong ruble and high oil prices will temporarily tame inflation, however, it also could accelerate consumer prices in the future, according to Doctor of Economics Denis Domashchenko, as quoted by the Russian business daily RBC. The analyst warns that the dominance of energy sector revenues along …
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The global food system, already weakened by pandemic-related shocks and the energy crisis, is expected to be severely impacted by the conflict in Ukraine and Western sanctions against Moscow, The Economist reports. “Ukraine’s exports of grain and oilseeds have mostly stopped and Russia’s are threatened,” the report states. According to …
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Anatoly Chubais has resigned from his position as the special presidential aide for sustainable development and left Russia. The move by Russia’s economist and long-time official was confirmed by Kremlin spokesman Dmitry Peskov on Wednesday. According to a Bloomberg report citing two sources familiar with the situation, the decision was …
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The Ukrainian economy is facing a perilous crisis and could be on course to default on its debts, one of Kiev’s top economists has cautioned after alarms were raised over the country’s GDP remaining the lowest in Europe. Speaking to business outlet Capital on Thursday, the country’s Director of the …
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Italy beat England 3-2 in a nail-biting penalty shootout on Sunday night, winning the UEFA European Championships for the first time since 1968. However, while Italians erupted in celebration, some dismayed England fans turned their anger on their team’s three black players who missed their penalty kicks. Much has been written …
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A poll by the market research firm Ipsos MORI, published by the Economist on Thursday, shows overwhelming majorities of Britons supporting most of the current restrictions past the July 19 deadline and even “until Covid-19 is under control globally.” Moreover, a significant minority said they would like some measures to …
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On Sunday next week, Mexicans will be electing hundreds of legislators and other state and local officials. They should absolutely not vote for Morena, the party of incumbent president Andres Manuel Lopez Obrador, popularly known as AMLO. That is the opinion of the British weekly newspaper The Economist, which has …
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“We’ve got data that’s confirmed both the saving and current account dynamic in a much more dramatic fashion than even I was looking for,” Roach told CNBC. According to him, “The current account deficit in the United States, which is the broadest measure of our international imbalance with the rest …
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